Which One of the Following Statements Is TRUE

question 47

Multiple Choice

Which one of the following statements is TRUE?

• A) An agency relationship is when someone hires someone else to perform a service and gives them decision-making authority.
• B) An agency relationship is when an agent hires a principal to perform a service.
• C) An agency relationship is when a principal works for an agent.
• D) In an agency relationship, the agent delegates authority to the principal.
• E) An example of an agency relationship is when the CEO nominates a slate of candidates to be on the board of directors.

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Definitions:

Relevant Information

Data or facts closely related to the matter at hand, contributing to a meaningful understanding or decision-making process.

Higher Education

An advanced level of study undertaken after completing high school, typically at colleges or universities.

Vocational Domain

The field or area of work and career, often focused on specialized skills and education for particular jobs or professions.

Stereotypic Kind

Categories of people or things based on oversimplified and generalized traits or characteristics.